settle

Settlement

The process in which a buyer makes payment and receives the agreed-upon good or service. This term is used on exchanges to indicate when a security actually changes hands, which often occurs several days after a trade is made. See also: Clearance.

Imperial workers refuse to settle for second class treatment and with the support of other Local 5 members will continue to hold frequent and lively picket lines on Lewers Street in the heart of Waikiki," said Eric Gill, Financial Secretary-Treasurer of Local 5.

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